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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: g_m10 who wrote (5328)	5/5/1999 11:01:00 PM
From: zuma_rk	Read Replies (2) \| Respond to of 20297

Formal Announcement of TP's so-called "launch" news.com rk

To: g_m10 who wrote (5328)	5/5/1999 11:10:00 PM
From: Mr. Mo	Read Replies (2) \| Respond to of 20297

Here are excerpts from an article in the May issue of Home Office magazine, which I subscribe to...I don't know of any way to post the entire article so I'll just type in some of the highlights. The author (Toni Kisnter) seems to have done some of her homework, but again it seems she gives Transpoint a little too much credit: GOODBYE, PAPER CHECKS? "Tell your friends you heard it here first: The Internet's next killer app will be electronic bill presentment, also known as EBP, e-bills, or Web billing.... Imagine, logging on to a site that presents you with credit card and utility statements and lets you pay each with the click of a "pay this bill now" button. The time, checks, stamps, and trees you'd save!.... The Internet is making it possible for financial institutions - led by two competing EBP vendors, CheckFree and TransPoint, along with the nation's bank and billers - to let customers receive and pay bills from their PCs.... CheckFree, which has provided e-billing capability to banks and billers for over a year, is shipping a new version of its EBP engine. Its challenger, TransPoint, backed by Microsoft and First Data Corp., will launch its site this spring.... Although both services boast extensive lists of partner banks and billers, chances are neither has signed on all of yours. Both companies claim a threshold of four billers is sufficient to gain consumer interest, expecially if they include your mortgage lender, electric, telephone, and principal credit card companies.... And although sources say a deal between CheckFree and Yahoo is imminent, Dent (VP of Transpoint) wonders, "Will consumers trust Yahoo with their money?".... Although TransPoint says it's pushing CheckFree to adopt an Open Financial Exchange (OFX) protocol, both agree that interoperability is years away. That means you could wind up paying some bills here and some bills there - not a convenient prospect."